In July 2021
Madeira’s economy slowed down but remained high
The Regional Indicator of Economic Activity (RIEA) indicates that, in July, the regional economic activity maintained a strong growth, although in a less pronounced way when compared to the previous month.
As mentioned in the first release of RIEA, in October 2017, its purpose is “to signal the behaviour of economic activity, namely concerning its direction and magnitude of fluctuations: whether it is in the positive or negative ground, accelerations, decelerations and the identification of turning points”. Therefore, its quantitative value assumes secondary importance, not being a substitute for the volume change of the Gross Domestic Product - determined with a more varied and complete set of statistical information - although there is a strong correlation between the two variables.
Monthly Summary of Economic Indicators – July 2021
Together with the RIEA is published the Monthly Summary of Economic Indicators – July 2021, an instrument for monitoring the economic situation, which provides the most recent data on regional economic activity.
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